Canadian stocks sink 1.9% on European debt fears

SAN FRANCISCO (MarketWatch) — Canadian stocks ended down 1.9% on Monday, its third straight session of losses, on fears over Europe’s deteriorating debt problem after chatter about a possible Greek default picked up pace.

The S&P/TSX Composite Index ($ISPTX) tumbled 238.71 points to close at 12,148.80.

German Economy Minister Philip Roesler told Die Welt that an “orderly default” by Greece can’t be ruled out, and news reports over the weekend said the German government is taking steps to shore up its banking sector in the event of a Greek default. Read about Greek default fears

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